Cheap Chick Trading Company
Where Looking Good Feels Good
Overview
Raised: $40,000
Total Commitments ($USD)
Platform
MainVest
Start Date
05/18/2021
Close Date
09/13/2021
Min. Goal
$25,000
Max. Goal
$40,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.60X
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$342
# of Investors
60
Momentum
Funded
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Year Founded
2021
Industry
Apparel & Fashion
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Cheap Chick Trading Company, an upcoming clothing store in Homewood, AL, is raising crowdfunding on MainVest. The company plans to build a resale clothing business aimed at sustainable and ethical reselling. The customers will bring gently used and clean clothing and accessories to the company and get cash or store credit in return. Shannon Styes founded Cheap Chick Trading Company in April 2021. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $40,000, and the funds will be used for buildout and equipment. Cheap Chick Trading Company aims to revolutionize the secondhand market and earn a 70% resell margin.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 05/18/2021
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